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HomeMy WebLinkAboutThe Goderich Signal-Star, 1985-03-27, Page 22Eveny.frks e.rtd`. idn- . � � tions :720,7253. wmnw.wwr,u, .ywwu, . OF DUBLIN rwmy.ca.a..y.: ...�.� A STORE FULL OF BEAUTIFUL FURNITURE On the Main Street of Dublin 345-2250 Free Uelivery We'.r.O._at ye u -seryl e e OUR 'EVERYDAY SERVICE PRICES Sizing up- first size Each additional size up Sizing Down. regardless of how �. many sizes 12. 35o All odr service work done at Anstett Manufacturing Limited, by our own certified Goldsmiths. Estimates and consultations at no charge. RING CLAWS 4 Claws Retipped Each additional 5. claw GOLD CHAIN Solder WATCH BATTERY INSTALLATIONS 4. 24. NSTETT JEWELLERS Main Corner CLINTON 482.3901 Until you've talked to wsi GERRY OR CHRIS at CENTENNIAL HOME RENOVATIONS With products , from every major window manufacturer available, and a unique installation warranty "for as long as you own your home"...you can't go wrong! Also one stop shopping for siding, doors, skylights, sunrooms and solariums. See our display at the Suncoast Mall in Goderich the week of March 25-30 and Gerry and Chris will be glad to help you with all your home improvement need§. The Choice Will Be CLEAR AS GLASS! CENTENNIAL HOME RENOVATIONS Ltd. 4 e RiSti NEWS A . rmers forced to take off -farm jobs shoutthi't :1* penal zecl, says SFA Restricted farm losses, agri-bonds and the taxation of capital gains on farm land were the topics discussed by the Ontario -Federation-of-Agriculture (OFA).-in--its-sub- mission to the federal Standing Committee on Finance, Trade and Economic Affairs, presented in Ottawa recently.. These areas are important to farmers, •, Harry Pelissero, president of the OFA, said. "We beiiev, it would be remiss of us if we were to leave you with the impression that dealing with the three issues outlined in the . discussion paper would solve `the farm pro - Piero.' These issues are almost on the periphery of the situation facing Canadian farmers today,," he told the committee, "It is imperative that the government set long-term policies for the agricultural sec- tor now. They must encompass all areas, in- cluding, long- and short-term credit, price for product, developmental programs, and research •priorities. One of the critical fac- tors in the industry now. is the fact that farmers are often getting insufficient return to their.labor, their investment and for their expertise in order to keep the industry healthy. Over the millennia more than one nation has vanished into economic oblivion over the failure to recognize the importance of its food supplies. Eroding fields and emp- ty barns should he warning enough," caaaawau auau In nub ..auwing a.,a;aurks to the eon imttee. In its submission, the OFA noted that committee members had to analyze three complex issues in -a short period of time, and that the background they were provided br the white paper,' Tax Issues in Agriculture, was "extremely misleading and does not serve as an adequate base for consultation." With respect to restricted farm losses, governed by Section 31 of the Income Tax Act, the OFA proposed that it be retained in order to discourage non-farm investment in agriculan e, but that it be substantially revised. The submission suggested that any proposal dealing with Section 31 should not encourage farming solely for income tax savings and that it must recognize the re- quirements of beginning farmers. Farmers who must take off -farm jobs should not be penalized, the OFA said. The federation suggested that farmers who file on the accrual reporting method be allowed to treat farm losses as business losses, giving them an unlimited write-off. For those reporting on the cash method, the OFA recommended that .farm losses be ap- plied without restriction against other in- corne until a stated dollar maximum of the tax has been deferred. The OFA's policy is total abolition of capital gains tax, and the federation told the conucuttee that it takes the Prime Minister at his word when during the federal election campaign he stated, "We will abolish the imposition of capital gains tax on the sale of farm property for. continued" `agricultural purposes." The OFA rejects the govern- ment's suggestion that removal of capital gains tax be accompanied by limiting or disallowing the deduction of interest paid to buy land. The concept of Agri -bonds was reviewed. The OFA told the committee, "...they were envisioned as representing a stable, reasonably priced ... tool, to provide credit at a cost more realistically related to the farmer's ability to pay." The concept has been discussed at length, but not im- plemented, and the OFA expressed concern that this is because of misunderstandings arising from inappropriate comparisons to an American bond system. The OFA proposed a system whereby the Farm Credit Corporation would raise capital through Agri -bonds, which would provide purchasers with a tax credit com- parable to the dividend tax credit given to shareholders in taxable Canadian corpora- tions. The bonds would be sold only to individual investors and when introduced, the funds would be directed first to beginning farmers and farmers in financial difficulty. Health and safety was topic at meeting The work of the Task Force on Health and Safety in Agriculture was one of the featured topics at the recent Farm Safety Association's Annual Conference, held in ;Toronto on March 11, 1985. Dr. Richard Richards, Chairman of the Task Force, ex- amining the history and current state of safety in Ontario agriculture. Dr. Richards stressed that the Complex nature of agriculture in the province led to a number of studies being carried out. Recommenda- tions by the Task Force will be made in June. The one day Conference also, included a number of other speakers including the Honourable Lincoln Alexander, Chairman OL Lee ',eel uci e• ..napensation Board. Mr: Alexander outlined recent changes in benefits in the Compensation system as well as changes in Safety Education at the Workers' Compensation Board. Dr. Martin O'Connell, Chairman of the Canadian Cen- tre for Occupational Health and Safety in Hamilton, Ontario, gave a presentation on how the Centre can be of service to farmers seeking occupational health and safety in- formation. A presentation was also made by Marie Little, President of the Essex Farm Safety Association, on organizing poster 'competi- tions in schools to promote safety among rural youth. Joseph Andrews, Farm Safety - Consultant, spoke on concerns with farm machinery on public roadways. He outlined many of the potential dangers in moving equipment on highways as well as laws governing such transport. Dr. Clayton Switzer, Deputy Minister, On- tario Ministry of Agriculture and Food, ad- dressed the delegates at the evening ban- quet. Mr. Jim Gibb, an Embro pork producer, was re-elected Presideiof the Farm Safety A sociation for 1985. Robert Goulet of Blenheim was re-elected vice-president, Renie Long of London, Anton Wytenburg of Richmond and Allen Diefenbacher of Floradale, were elected to the Association's five member Executive Committee. Farm Credit increases interest to 13'A per cent Farm Credit Corporation Canada (FCC) today announced an increase in its interest rates. Effective today, loans approved under the Farm Credit Act with a five-year fixed term carry an interest rate of 131/2 per cent. This is up from the previous rate of 123/4 per cent which had beep in effect since January 21. The interest rates have -cone up in response to the rising costa the,€raids the Corporation borrows to iendtofarnlers. The interest rate on Farm Credit Act loans with a ten-year term is now 133/4 per cent, up from the previous rate of 13 3/8 per cent. The rate on loans with a 20 -year term is 14 per cent compared to the prior rate of 13 5/8 per cent. The Corporation also announced that the interest rate for FCC's new Shared Risk Mortgage loans will be 131/4 per cent when the program takes effect on April 1. With a Shared Risk Mortgage, the interest rate is adjusted annually, but the borrower and FCC ,share. equally. in any 'interest rate in--, crease or decrease. Over the six-year term of the Shared Risk Mortgage, the borrower is protected by a ceiling of 21/2 per cent on in- terest rate increases. For the things you want and need... 4,• b.G• 4• L• v\• C�• 5! �j• cj• N4• .S• �• • GP G' SOP �Gv ,,\0� �\' � `0� ,Z•\ o.‘4 G� 4,® P�0 �`O ��G. 4Nr d o * 4,G 0 t : V4 S •P� \,P seG e0 G•1 01 0,c0 JP 04 BOJ 4�\ QQv• A5-• ��' ®\1 4 P � 4` 0%%1 � , Q,P �� GAP 0�5 �G.� P \4‘X 4 t4 �0 0�' �4 G 0� �® �O �P 00 �`\L Ate QP Cr If you have a good reason to borrow, talk to your friends here at the Credit Union. We are the "People Helping People" with simple interest, open personal loans. We are the people with your best rate* *ALL NEW LOANS mommomommonimummimminimma 39 ST. DAVID STREET, GODERICH PHONE 524-8366 "Member Ontario Share and Deposit Insurance Corporation" TM P GODERICH CREDIT UNION • *Up to 517,500 available *Completely Open for pre -payment *Simple Interest *'Life Insured OFFICE HOURS! - Man. to Thurs.-9:30 a.m. to 5.13 p.m. Fridays 9:30 a.m. to 6:30 p.m. Saturday 9:30 a.m. to 12 noon The interest rate on loans under the Farm Syndicate Credit Act is 131 per cent, up from the previous rate of 123/4 per cent. Cattlemen hold director's meeting in B lyth The Huron Cattlerrieh's Association held its director's meeting at the .Blyth Inn on Mar. 11. Doug Garniss, President of the Fed. of Agr. was guest speaker. Glen Coultes' gave a report of the Conven- tion and the sale to be held at Markham. Secretary's salary was discussed and she will receive $6 pr hour retroactive Jan. 1/85. Proposed activities for 1985 included an area trip to Colorado in July and beef barbecue in August and a one -day trip through the county and Beef Information night in September. Delegates to the Convention are to receive $75 each. Hay and Stanley directors will look after the barbecue. President Ross and one other director will look into a typewriter for the secretary. Secretary's salary is to be reviewed at the start of each year. Ron Benitl and Neil Stapleton are to look into a day tour to New Liskeard. Seniors held St. Patrick's Day tea and bake sale • Twelve tables were in play at the seniors weekly euchre Wednesday evening. High maxi=was Jinn Errington, low Alex Glenn high lady, Adeline Alibi; low, Jean Broughton. Birthday greetings were extend- ed to three Margarets namely, Margaret Mole, Margaret Errington and Margaret Young. The birthday. nearest St. Patrick's Day received a Shamrock plant. Scott Richardson, son of Gary and Dawn Richardson, spent a few days with Margaret Mole during the March break. Bob andFred Tideswell of Clinton visited with Bill and Marie Park and Todd on Satur- day. On Friday evening Margaret Mole attend- ed a fourth birthday party for Catherine eee Wilkins, daughter of Joanne and Bob Wilkins. Catherine is Margaret's oldest great-grandchild. On Sunday Margaret was present for the christening of her youngest great grandchild, Bryce Benson Hoover, son of Vicki (Walden) and Brian Hoover at the Kincardine United Church. A lunch followed at the Hoover home. On Sunday all the family num ,ring 21, were present to help their father, Bit Park celebrate his birthday. A very successful St. Patrick' Day tea and bake sale was held at the Seniors Centre on Saturday. Winners of the draws were Judy Sproul, a mohair throw, Lois Haggitt a ham and Ruby McWhinney, box of Turtles. Bob and Kathy Eedy and family of Mississauga and Bob and Pat Ott of Kit- chener and family spent the weekend with Irvine Colleen E Dtingarinandon Senior Citizens are planning a flea market and bake sale in May.